About the Secretary

Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad.

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TREASURY DIRECTIVE 16-55

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DATE: November 10, 1992

ADMINISTRATIVE EDIT:August 2, 2019

SUBJECT:Furnishing Instructions to Federal Reserve Banks

1.DELEGATION. By virtue of the authority vested in the Secretary of the Treasury under Section 15 of the Federal Reserve Act, as amended (12 U.S.C. 391), and pursuant to the authority delegated to the Fiscal Assistant Secretary by Treasury Order (TO) 101-05, I hereby delegate to the Commissioner of the Bureau of the Fiscal Service authority to furnish instructions to the Federal Reserve Banks, acting as fiscal agents of the United States, with respect to functions performed which relate to activities of the Bureau of the Fiscal Service.

2.SCOPE.This directive applies to all bureaus, offices, and organizations in the Department of the Treasury, including the offices of inspectors general within the Department. The provisions of this order shall not be construed to interfere with or impede the authorities or independence of the Department’s Inspector General, the Treasury Inspector General for Tax Administration, or the Special Inspector General for the Troubled Asset Relief Program.

3.REDELEGATION. The authority delegated to the Commissioner of the Bureau of the Fiscal Service may be redelegated to subordinate officials.